Web3 entertainment company YOAKE entertainment has completed approximately $1.25 million in financing
ChainCatcher news, according to Kepple, the Web3 entertainment company YOAKE Entertainment announced the completion of a financing round of 180 million yen (approximately 1.25 million USD) through private token sales and convertible corporate bonds. This round of financing was led by Next Web Capital, with participation from Bitbank Ventures, Credit Scend, Hakuhodo KEY3, Taisu Ventures, X2Y2, and others. The funds will be used for the development of the next-generation entertainment platform and global IP content production.
According to reports, YOAKE was established in February 2024, funded by several companies including Twin Planet, Asobi System, W TOKYO, and Y&N Brothers. The board members include renowned producer Yasushi Akimoto and Astar Network founder Shouta Watanabe.
YOAKE focuses on the blockchainization of entertainment IP and recently announced the launch of the official NFT series for the popular Japanese anime "The Seven Deadly Sins," utilizing the blockchain "Soneium" jointly developed by Sony Group and Startale Group.